TechNavio today launched its report, Hydraulic Component Market in India 2012-2016, based on an in-depth analysis exclusively focusing on India. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”A steady reduction in delivery lead time of hydraulic components for the global manufacturers is one the main trends in the Hydraulic Component market in India. Currently, several hydraulic component manufacturers from both the EMEA region and the Americas are increasingly outsourcing their manufacturing activities to India. This is mainly because of the availability of low-cost labor and a skilled workforce in the country. This increase in the outsourcing of manufacturing activities leads to an increase in investments from both domestic and international vendors. This drives the demand for the Hydraulic Component market in India.”
According to the report, one of the main drivers is the increasing demand for earth-moving, material-handling, and mining equipment across the various states in India. Various hydraulic components such as cylinders, pumps, motors, valves, and other accessories are increasingly being used in this equipment for their applications and functions.
Further, the report reveals that one of the main challenges is the increasing raw material prices.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/hydraulic-component-market-india-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/healthcare
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TechNavio Announces the Publication of its Research Report – Hydraulic Component Market in India 2012-2016
